The chic and the sleek: CFDA Fashion Awards [SLIDESHOW]

Hollywood’s most stylish celebrity A-listers strutted their stuff in New York City on Monday night to honor some of the fashion world’s biggest stars. The Council of Fashion Designers of America (CFDA) hosts an annual ceremony at Lincoln Center to recognize the top designers and icons in the industry.

Pop star and fashion risk-taker Lady Gaga took home the night’s top honor; Style Icon of the Year. In keeping with her signature eccentric style, the 25-year-old singer showed up wearing a shocking turquoise wig and a scandalously sheer black gown that left little to the imagination. While receiving her award, Gaga tearfully told the audience, “As much as this award means to me personally … I just want you to know how much this means to young Americans.”

Child stars turned fashionistas, Mary-Kate and Ashley Olsen, were among the nominees for the prestigious Swarovski Award for Womenswear. The dynamic duo lost the award to designer Prabal Gurung, but they still turned heads on the red carpet with unique creations from their signature collection, “Elizabeth & James.”

In addition to the honored guests, there were also a slew of stylish celebs in attendance to support their favorite designers. From Jessica Alba to Kayne West, take a look at which fashion-savvy stars were dressed to the nine’s at last night’s event.